Warren Buffett, the billionaire
investor who’s been scooping up newspapers for his Berkshire
Hathaway Inc. (BRK/A), is looking to an Arkansas publisher as a model
for success in the digital age.

“The main exemplar for local newspapers is the Arkansas
Democrat-Gazette, published by Walter Hussman Jr.,” Buffett
wrote in an annual letter to Berkshire shareholders released
yesterday. “Over the past decade his paper has retained its
circulation far better than any other large paper in the
country.”